To clear the IAS Exam, continuous efforts to master the current affairs component are a must. To answer current affairs based questions in prelims, one should not only have the preliminary information about the current events, but also the clarity about the issues and concepts involved.
To cater to this need of IAS Exam aspirants, Jagran Josh is providing five important Multiple Choice Questions (MCQs) on a daily basis. The questions cover important current affairs events in the fields of economy, national, India-World relations, science and technology, environment, etc. Answers along with detailed explanations to the questions will help the aspirants in answering further questions on the given topic in all the phases of the exam – Preliminary, Mains written and Personality Test.
IAS Exam Current Affairs Prelims Practice MCQs for 23 January 2018 are as given below.
1. The annual meeting of the World Economic Forum (WEF) begins on 23 January 2018. Against this backdrop, consider the following statements.
1) It was established by the United Nations General Assembly.
2) The WEF’s annual meetings are held in Davos, Switzerland.
3) The annual Global Gender Gap report is released by the WEF.
Which of the above statements is/are correct?
a) 1 and 2
b) 2 and 3
c) 1 and 3
d) 1, 2 and 3
The annual meeting of the World Economic Forum (WEF) begins on 23 January 2018 in Davos, Switzerland. Indian Prime Minister Narendra Modi will deliver the opening keynote address. With this, Modi has become the first Indian Prime Minister in over two-decades to attend the annual WEF meeting. The last meeting attended by an Indian Prime Minister was by H.D. Deve Gowda in 1997.
Besides Modi, the meeting will attended by more than 2000 CEOs from top global companies, 70 heads of States and 45 heads of international organizations.
About World Economic Forum
• The World Economic Forum is committed to improving the state of the world. Primarily, it is an international organization for public-private cooperation.
• The WEF engages the foremost political, business and other leaders of society to shape global, regional and industry agendas.
• It was established in 1971 as a not-for-profit foundation and is headquartered in Geneva, Switzerland. Its annual meetings are held in Davos, Switzerland.
• In 2015, the Government of Switzerland officially recognized the WEF as an international entity.
• Klaus Martin Schwab is the founder and the executive chairman of the WEF. Schwab is a German engineer and economist.
• The important reports released by the WEF are Global Gender Gap Report, Inclusive Growth and Development Report, Global Risks Report, Global Competitiveness Index and Travel and Tourism Competitiveness Report among others.
2. Recently, the National Investment and Infrastructure Fund (NIIF) has made its first investment. Against this backdrop, consider the following statements.
a) The fund is jointly owned by the Union Government and the Reserve Bank of India (RBI).
b) It was created by an Act of the Parliament.
Which of the above statements is/are correct?
a) 1 only
b) 2 only
c) Both 1 and 2
d) Neither 1 nor 2
On 22 January 2018, the National Investment and Infrastructure Fund (NIIF) was in the news as it made its first investment. The NIIF has partnered with the DP World to create an investment platform for ports, terminals, transportation and logistics businesses in India. The DP World is one of the leading enablers of global trade and an integral part of the supply chain. Its headquarters is located in Dubai, the United Arab Emirates (UAE).
• In June 2015, the Union Cabinet gave its approval for the creation of the fund with a corpus of Rs 40,000 crore.
• NIIF was incorporated as a company under the Companies Act, 2013. The NIIF is being operationalized by establishing three Alternative Investment Funds (AIFs) under the SEBI Regulations.
• The company is jointly-owned by the Union Government and investors from India and abroad. The Union Government’s contribution to the AIFs under the NIIF scheme shall be 49% of the total commitment.
• While the government’s partnership in the NIIF ensures close engagement with policy-makers and central and state government agencies, its commercial investors ensure a professional approach to all investments.
• Primarily, the NIIF is a fund manager that seeks to create long-term value for domestic and international investors seeking investment in energy, transportation, housing, water, waste management and other infrastructure-related sectors in India.
• Over time, NIIF seeks to become one of the main channels of investment into the Indian infrastructure sector.
• It aims to develop lasting partnerships with multiple stakeholders in the country to provide smart investment and financing solutions to its investors and investees.
• An India-UK Green Growth Equity Fund (GGEF) was set-up under the fund of funds vertical of NIIF. The GEEF will have anchor commitments of over Rs 1,000 crore each from the Government of India (through NIIF) and the Government of UK.
• Besides, the NIIF signed agreements with investors from Qatar, Abu Dhabi and Russia to operationalize the fund.
3. Recently, it is with this State Government, the World Bank has signed an a USD 120 million loan agreement to improve water supply services in the State.
On 22 January 2018, a tripartite agreement was signed among the World Bank, the Union Government and the Uttarakhand State Government. As part of the agreement, USD 120 mission loan will be provided to Uttarakhand to increase access to improved water supply services in peri-urban areas. Primarily, peri-Urban areas are those that fall in the rural—urban transition zones. The funds will be utilized for the implementation of the Uttarakhand Water Supply Program for Peri-Urban Areas.
The program will focus on increasing coverage, quality and reliability of water supply services in all peri-urban areas of Uttarakhand. Services would be provided through a piped network and metered service connections with a focus on improving the operation and management (O&M) of it.
4. Recently, the head anointment of Gomateshwara statue has been installed atop of the which of the following hills in India?
a. Anantagiri Hills
b. Ezhimal Hills
c. Vindhyagiri Hills
d. Agasthyamalai Hills
Shravanabelagola, the Jain pilgrimage centre, is set to welcome thousands of visitors for Mahamastakabhisheka, the head anointment of Gomateshwara statue, scheduled for February 17 to 26. The works on shelter for visitors and improvement of basic infrastructure and road connectivity are about to be completed. For the first time, the State government has spent a whopping ₹75 crore towards temporary accommodation of visitors.
The gigantic statue of Bahubali measures 58.8 feet high and stands on the peak of Vindhyagiri Hill at Shravanabelagola, a Jain pilgrim centre in Hassan district. A statue located at such a height. can easily attract lightning.
5. Which of the premier institutes of India has developed a novel platform to test drug sensitivity in bacteria?
a. AIIMS Delhi
b. IIT Delhi
c. IISc Banglore
d. IISER Kolkata
A two-member team from the Indian Institute of Technology (IIT) Delhi has used a novel method to culture bacteria and determine its growth at much lower concentration in relatively less time — four–six hours. E. coli and S. aureus bacteria were studied. Currently available clinical methods require more than 10 hours to culture and observe the growth of pathogenic bacteria and a higher bacterial concentration for laboratory confirmation.
While the new method will not be useful in identifying the species of bacteria isolated from a patient sample, it will help in early detection of the presence of bacteria and carrying out drug susceptibility testing within a short time period.